“When Treasury refuses for more than a year to require TARP recipients to account for the use of TARP funds, or claims that Capital Purchase Program participants were ‘healthy, viable’ institutions knowing full well that some are not, or when it provides hundreds of billions of dollars in TARP assistance to institutions, and then relies on those same institutions to self-report any violations of their obligations to TARP, it damages the public’s trust to a degree that is difficult to repair.”
—
Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP)
to say “it damages the public’s trust to a degree that is difficult to repair” assumes the public hears, understands, and then cares. as such, i consider mr. barofsky an optimist.
(Source: washingtonexaminer)
-
gilmoure reblogged this from cnjspeaks
-
gilmoure liked this
-
cnjspeaks reblogged this from moorewr and added:
-
moorewr reblogged this from hilker
-
hilker reblogged this from nomosshere and added:
-
nomosshere reblogged this from washingtonexaminer
-
johnr48 reblogged this from washingtonexaminer and added:
-
nomosshere liked this
-
washingtonexaminer posted this
